Last checked at 23 Sep 2009 07:00
KBT
K3 BUSINESS TECHNOLOGY GROUP PLC
("K3" or "the Group")
Re Microsoft's Investment in Retail Sector
K3, a leading supplier of Microsoft based supply chain management software solutions, notes the announcement issued yesterday by Microsoft that it is expanding its presence in the retail sector and has acquired the Dynamics AX retail solution from LS Retail EHF in order to enhance its existing Dynamics suite of ERP business solutions.
K3 is one of the UK's largest Microsoft Dynamics partners, and the largest LS Retail distributor worldwide, with retail customers such as Carpetright, Alliance Boots and Adidas in over 30 countries. The Group therefore views this development very positively and believes that Microsoft's continued investment in positioning itself as the global brand leader for mid-range business software brings additional opportunities and benefits to K3.
Andy Makeham, CEO of K3, commented,
"This is excellent news for K3 and we welcome Microsoft's latest move in the mid-range retail marketplace. Our retail software division, which is built on LS Retail's Microsoft-based products, has achieved very strong sales growth over the last five years and Microsoft's investment in LS Retail's Dynamics AX solution should support our growth ambitions going forward."
Enquiries:
| K3 | Andy Makeham, Chief Executive | T: 0161 876 4498 |
| David Bolton, Chief Finance Officer | ||
| Biddicks | Katie Tzouliadis/Sophie Lane | T: 020 7448 1000 |
About K3
K3 has over 1500 customers worldwide and focuses on the delivery of supply chain solutions to the retail, distribution and manufacturing sectors.